Lattice Semiconductor Co. (NASDAQ:LSCC) Short Interest Update

Lattice Semiconductor Co. (NASDAQ:LSCC) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 9,350,000 shares, a decline of 21.2% from the May 31st total of 11,870,000 shares. Currently, 6.9% of the company’s shares are short sold. Based on an average daily trading volume, of 2,000,000 shares, the days-to-cover ratio is presently 4.7 days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $85.00 price target on shares of Lattice Semiconductor in a report on Tuesday, April 30th. Benchmark upped their price target on shares of Lattice Semiconductor from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Jefferies Financial Group restated a “buy” rating and set a $88.00 price target (up previously from $84.00) on shares of Lattice Semiconductor in a research report on Monday, May 13th. Bank of America increased their target price on shares of Lattice Semiconductor from $75.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $80.00 price target on shares of Lattice Semiconductor in a report on Tuesday, June 4th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.09.

Insider Transactions at Lattice Semiconductor

In related news, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Elizabeth M. Schwarting sold 650 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $69.20, for a total value of $44,980.00. Following the completion of the sale, the director now directly owns 1,920 shares in the company, valued at $132,864. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James Robert Anderson sold 30,000 shares of Lattice Semiconductor stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.12, for a total transaction of $2,253,600.00. Following the transaction, the chief executive officer now directly owns 759,286 shares in the company, valued at $57,037,564.32. The disclosure for this sale can be found here. Insiders sold a total of 49,566 shares of company stock worth $3,664,529 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Lattice Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Robeco Schweiz AG boosted its position in Lattice Semiconductor by 9.5% during the 4th quarter. Robeco Schweiz AG now owns 1,525,600 shares of the semiconductor company’s stock worth $105,251,000 after acquiring an additional 132,000 shares during the last quarter. US Bancorp DE boosted its position in Lattice Semiconductor by 458.5% during the 4th quarter. US Bancorp DE now owns 21,865 shares of the semiconductor company’s stock worth $1,508,000 after acquiring an additional 17,950 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Lattice Semiconductor by 286.0% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 192,390 shares of the semiconductor company’s stock worth $13,571,000 after purchasing an additional 142,543 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Lattice Semiconductor by 173.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 314,331 shares of the semiconductor company’s stock worth $21,686,000 after purchasing an additional 199,393 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its stake in shares of Lattice Semiconductor by 60.1% during the 4th quarter. Congress Asset Management Co. MA now owns 77,005 shares of the semiconductor company’s stock worth $5,313,000 after purchasing an additional 28,900 shares in the last quarter. 98.08% of the stock is currently owned by institutional investors and hedge funds.

Lattice Semiconductor Trading Up 1.8 %

Shares of Lattice Semiconductor stock traded up $1.00 during trading on Friday, reaching $57.99. The company’s stock had a trading volume of 2,501,727 shares, compared to its average volume of 2,577,262. The stock has a market capitalization of $7.98 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 12.40 and a beta of 1.44. Lattice Semiconductor has a one year low of $51.96 and a one year high of $98.30. The stock has a 50-day moving average price of $67.47 and a two-hundred day moving average price of $70.19.

Lattice Semiconductor (NASDAQ:LSCC) last announced its quarterly earnings results on Monday, April 29th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Lattice Semiconductor had a return on equity of 28.61% and a net margin of 31.42%. The company had revenue of $140.82 million during the quarter, compared to analysts’ expectations of $140.08 million. As a group, sell-side analysts anticipate that Lattice Semiconductor will post 0.68 EPS for the current fiscal year.

About Lattice Semiconductor

Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor products in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of four product families, including the Lattice Certus and ECP, Mach, iCE, and CrossLink. It also provides video connectivity application specific standard products.